World News: 13:30 GMT Thursday 8th August 2019. [Bryn Mawr Bank Corporation via Globe Newswire via SPi World News]
BRYN MAWR, Pa., Aug. 08, 2019 (GLOBE NEWSWIRE) -- Bryn Mawr Trust (), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that John M. Bonvetti, Jr., CFP®, has joined the wealth division as a Senior Vice President and Senior Investment Advisor. Mr. Bonvetti reports directly to Mark Bradford, Wealth Director at BMT’s new Berwyn, Pa. location.
He is responsible for identifying new business opportunities and for advising select individuals and institutions on their investment plans. He will leverage BMT’s full range of products and services – wealth management, insurance, and banking – to deliver outcomes that meet or exceed client goals and objectives.
“John’s domestic and international finance experience will be of significant value to our clients, his team of advisors, and the entire BMT wealth division,” said Bradford. “Throughout his career, he has consistently proven himself as a trusted advisor and as a leader who provides results. John has an impressive skill set in terms of financial planning strategies and tactics that will serve BMT well as we continue to grow.”
John has more than 15 years of financial services experience. Most recently, he was a vice present and Private Banker at Bank of N.T. Butterfield and Son Limited in Hamilton, Bermuda. He also worked at HSBC Bank in Bermuda as a Premier Relationship Manager. There, he managed a portfolio of high-net-worth clients and mentored junior staff members. Locally, John spent seven years at J.P. Morgan Private Bank in Philadelphia, where he provided asset management, banking, trust, credit, custody, and insurance services.
John holds a bachelor’s degree in business management from Washington College in Chestertown, Maryland and a certificate in financial planning from University of Delaware. John is a founder of Kayaking for Kids, a Bermuda-based charity that has raised more than $30,000 for an area children’s nonprofit.
Bryn Mawr Bank Corporation (NASDAQ: BMTC), including its principal subsidiary, The Bryn Mawr Trust Company (BMT), was founded in 1889, and is headquartered in Bryn Mawr, Pa. BMT is a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $4.74 billion in corporate assets and $14.82 billion in wealth assets under management, administration, supervision, and brokerage (as of 6/30/19). Today, the company operates 43 banking locations, five (5) wealth management offices and two (2) insurance and risk management locations in the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden Counties in New Jersey. For more information, visit bmt.com.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include financial and other projections as well as statements regarding the Corporation’s future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporation’s underlying assumptions. The words “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “potentially,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “forecast,” “project,” “are optimistic,” “are looking,” “are looking forward” and “believe” or other similar words and phrases may identify forward-looking statements. Persons reading this press release are cautioned that such statements are only predictions, and that the Corporation’s actual future results or performance may be materially different.
Such forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the Corporation’s control, could cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed, implied or anticipated by such forward-looking statements, and so our business and financial condition and results of operations could be materially and adversely affected. Such factors include, among others, our need for capital, our ability to control operating costs and expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities and overall quality of the composition of our loan, lease and securities portfolio; the impact of economic conditions, consumer and business spending habits, and real estate market conditions on our business and in our market area; changes in the levels of general interest rates, deposit interest rates, or net interest margin and funding sources; changes in banking regulations and policies and the possibility that any banking agency approvals we might require for certain activities will not be obtained in a timely manner or at all or will be conditioned in a manner that would impair our ability to implement our business plans; changes in accounting policies and practices; unanticipated regulatory or legal proceedings, outcomes of litigation or other contingencies; cybersecurity events; the inability of key third-party providers to perform their obligations to us; our ability to attract and retain key personnel; competition in our marketplace; war or terrorist activities; our ability to complete anticipated acquisitions and any material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; and other factors as described in our securities filings. All forward-looking statements and information set forth herein are based on Management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.
For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, as well as any changes in risk factors that we may identify in our quarterly or other reports subsequently filed with the SEC.
Tina McDonaldSenior Vice President, Marketing610.581.4875
A photo accompanying this announcement is available at
Globe Newswire: 13:30 GMT Thursday 8th August 2019
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